Managing risk is a major challenge for every company, as risk factors can impede goal achievement within an organization. When an incident or accident occurs that impacts a company’s operations and causes the company to fall behind its objectives, the cost and the labor required to deal with it can be enormous, particularly if the company is slow to respond. In such cases, the critical factor in a successful crisis management approach is a well-focused initial response based on sound information.
At HORIBA, we adopted our Group Risk Management Regulations in August 2007 to strengthen our risk management system. We created major classifications of risks to
operations, risks to development and manufacturing, risks to sales, and risks to financial affairs. We stipulated a management system for addressing these risks and a responsibility system that will manage crisis situations whenever they occur.
The HORIBA CSR Promotion Committee undertakes the responsibility of discussing and approving the tasks required to promote risk management and risk countermeasures. We maintain a system for implementing precise, responsible actions whenever we face a challenge. Moreover, we provide periodic awareness campaigns and training programs so that all employees of the HORIBA Group— from top management to the responsible personnel—remain fully aware of their specific responsibilities.
Many business operations are affected by laws, and it is important that each employee develop an awareness of the law in order to prevent legal problems from arising. We must discipline ourselves through our own initiative by acquiring adequate legal knowledge of the rules of market competition, and applying this knowledge wisely and strategically.
We have continuously provided legal training programs to assist employees acquire an awareness of the law and the necessary legal knowledge required for their level of business operations.
Previously, we had offered several training courses to cultivate legal awareness and provide the general legal knowledge required by the employees of our domestic Group companies for day-to-day operations. The regular program comprised introductory courses, which were held continuously, as well as courses on specific themes. In addition to these courses we have also offered temporary courses that were given on request from various divisions and regions, and courses for specific companies that were held by the Group companies.
Starting in 2014, we have additionally provided temporary courses for specific divisions to enrich training as such divisions require.